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169 W 83rd St, Manhattan, N...

Goldman Investments Acquires Upper West Side Multifamily For $5.2M
SOLDMultiFamily

Goldman Investments Acquires Upper West Side Multifamily For $5.2M

169 W 83rd St, Manhattan, New York, NY, USA

$5,200,000

$937/SF

Building Size

5,545 SF

Asset Type

MultiFamily

Closing

Jan 27, 2021

AI

Located in the Upper West Side, this multifamily property at 169 W. 83rd St. recently changed hands in a closed transaction. The property, consisting of 5 units, offers a total area of 5,545 square feet. The sale price for this transaction was recorded at $5,200,000, resulting in a price per unit (PPU) of $1,040,000. The price per square foot (PPSF) stands at $937. The previous sale took place in September 2008 for $3.2 million.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 5
  • Price Per Unit (PPU): $1,040,000
  • Total Square Feet: 5,545
  • Price Per Square Foot (PPSF): $937
  • Address: 169 W. 83rd St.
  • Market: Upper West Side

The buyer for this transaction was Goldman Investments, represented by Hadar Goldman. The seller in this deal was Douglas Jabbour.

Players

Hadar Goldman

Goldman Investments

Buyer

$22.1M

vol

4 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93